Gold price in Bareilly

Gold Rate Trend in Bareilly for January 2018 to March 2018 (per gram of 24 karat gold)

Gold Rate Trend in Bareilly for January 2018:

• The first quarter of 2018 was quite productive for gold sales in Bareilly.
• On the 1st, when the first month of Q1 2018 began, gold was priced at Rs.3,010 per gram. This rate – also the lowest for the month – continued on till the 3rd day of the month.
• Rates were on the incline from this point on as demand began to pick up amid a weak US dollar.
• The US dollar was affected by a underperforming US markets and the policy decisions taken by the Donald Trump administration.
• Gold rates in Bareilly inclined over the third and the fourth week as demand was on the incline.
• On the 25th of the month, gold rates went up to Rs.3,120 per gram – the month’s highest rates, thanks to an increased demand for the metal.
• However, rates dropped as the month came to an end as demand was sustainable. When the month ended, gold was seen trading at Rs.3,066 per gram.
• Price trends saw a 1.19% change this January, owing to a strong rise in demand towards the final week.

Gold Rate Trend in Bareilly for February 2018:

• The yellow metal’s rates had risen to Rs.3,077 per gram – a Rs.11 increase – as a change in overnight trading positions pushed gold prices up.
• This month – like the previous one – recorded a hike in gold rates as demand remained largely consistent amid favourable marketing conditions.
• Gold prices in Bareilly remained steady for the first week before dipping considerably during the second week.
• It was then that gold recorded the lowest figure of this month – Rs.3,035 per gram – on the 9th of February – as the US dollar showed some improvement.
• From the 10th onwards, gold rates were vastly on the rise as demand went up owing to strong global cues.
• The Valentine’s day weekend also helped contribute to the rise in demand as sales seemed to be reinvigorated.
• Gold traded at its highest for the month on the 18th and the 19th – at Rs.3,161 per gram – as demand reached a high point.
• Prices, however, consolidated over the subsequent days as demand went dropped amid poor sales.
• The month came to an end with gold trading at Rs.3,129 per gram. All in all, a 1.68% change in price trends were recorded this month.

Gold Rate Trend in Bareilly for March 2018:

• Gold prices had fallen to Rs.3,113 per gram when trading commenced for the final month of Q1 2018.
• The yellow metal, although seeing a positive growth, didn’t match the results from the previous two months in this quarter.
• For the first three weeks of this month, gold rates in Bareilly was largely stable before declining towards the end of week 3.
• On the 19th, gold was priced at Rs.3,098 per gram – the lowest rate for the month – which continued on till the closing hours of the next day.
• Over the final two weeks, gold rates saw a considerable rise with the 25th and the 26th recording a monthly high rate of Rs.3,171 per gram.
• As the month ended, gold rates went down to Rs.3,134 per gram as demand decline owing to a poor demand and a stabilising dollar.
• Price trends recorded a 0.67% change this month, thanks to strong changes in demand seen during the final few days.